Xiamen XinDa has a special liking for LED

China's LED industry development opportunities

China's LED industry started in 1970s, in the late 90s, the high brightness LED industry has been rapid development. In 2003 the Ministry of science and Technology launched the national semiconductor lighting project, and promote the construction of national semiconductor lighting industrial base, built a total of Dalian light industrial park, Shanghai Zhangjiang hi tech park, Nanchang Technology Park, Xiamen Kaiyuan LIAN photoelectric science and Technology Park, Beijing Yizhuang economic and Technological Development Zone and Shenzhen Guangming Hi tech Zone six industrial base.

China's existing LED more than 600 enterprises, enterprises are mainly concentrated in the downstream packaging and application areas, the domestic LED upstream epitaxial wafer and midstream chip companies in more than 10. Traffic lights and landscape lighting is the two major application areas of China's semiconductor lighting, which makes the red LED has become China's largest sales of products. The LED in the automotive applications gradually from the interior, the third brake lights turned fog lights, car headlights, making the fastest growth rate of white LED, reaching 112%.

National Development and Reform Commission has launched ten key energy conservation projects, put forward in 11th Five-Year will achieve the goal of saving energy saving of 2.4 tons of standard coal, which is an important aspect of green lighting. In the field of lighting, China is the world's largest producer of lighting appliances, the second largest exporter, semiconductor lighting industry has a strong industrial base, so the future of China's LED will face enormous opportunities for development.

LED won the industry policy support for the good

The excellent performance of electronic energy-saving lamps with high luminous efficiency, high color, power saving, long life is known as the third generation light source, new green products, on behalf of the development direction of light in twenty-first Century. In our country, lighting electricity consumption accounts for about 12% of the total electricity consumption of the whole society, if the existing ordinary incandescent lamp all replaced by energy-saving lamps, the national one year can save electricity by about 60000000000 degrees, equivalent to the annual power of the Three Gorges power station.

Recently, the Ministry of finance, the national development and Reform Commission jointly issued the "Interim Measures" efficient lighting products to promote financial subsidies to fund management, will focus on supporting efficient lighting products to replace incandescent lamps in use, and other inefficient lighting products, mainly including self ballasted fluorescent lamps, three color double end straight fluorescent lamps for general lighting (T8, T5) high pressure sodium lamp and metal halide lamp, such as electric light source products, semiconductors (LED) lighting products, as well as supporting the necessary ballast. Country to take an indirect way of subsidies to promote, namely unified bidding to determine the promotion of efficient lighting products enterprises and supply agreement price, financial subsidy funds supply of successful enterprises, again by the enterprise according to the sales price minus the agreement to supply financial subsidies after the price to the end user. Interim Measures provides that the bulk of the user by the central government to provide 30% of the contract price of the supply price subsidies; urban and rural residents of the central government in accordance with the contract price of the supply price of subsidies granted to the 50%. "11th Five-Year" period, the state will promote 150 million energy-saving lamps, saving 29 billion kwh, reducing carbon dioxide emissions by 29 million tons.

Because China's energy-saving lamp market accounted for the entire lighting market share is not great, it also has great development space, the Agency predicted the next five years the domestic energy-saving lighting industry will reach a CAGR of around 27%, and in support of national policy, the development may be faster.

CITIC Securities research report pointed out that due to the specific tender product type and quantity are unknown, roughly according to the average price of 6 yuan, a comprehensive subsidy rate of 40% estimate, 150 million to promote energy-saving lamp in 2008 to 2010 three years the average distribution, the annual income subsidy income amounted to 120 million. As the leading enterprises in the lighting industry in the production capacity, after-sales service, quality and other aspects have greater advantages, leading enterprises to benefit more obvious.

Xiamen XinDa LED industry has a special liking

It should be said that the Xiamen XinDa (000701) is a company not only established a joint venture holding subsidiaries engaged in LED packaging, application development and industrialization of the Xiamen langxing photoelectric Co Ltd soft spot for the LED industry, also holds the largest and most complete industrial chain, LED manufacturers the most complete product of Xiamen Sanan Electronics Co. Ltd. 10% of the shares.

At the end of October 2007, the Xiamen XinDa (000701) announced the signing of the "joint venture agreement" with the Xiamen langxing photoelectric Co Ltd, jointly invested 200 million yuan to set up a XinDa in Xiamen Photoelectric Technology Co. ltd.. Data show that the photoelectric XinDa registered capital of 200 million yuan, the company money invested 140 million yuan, accounting for 70% of the registered capital; langxing photoelectric money invested 60 million yuan, accounting for 30% of the registered capital. The company is engaged in the field of photoelectric technology research and consulting services, optoelectronic products production, sales, engineering and services. Xiamen XinDa said that the purpose of the foreign investment is to accelerate the pace of development of the company's main industry, electronic and information industry, to seek a new profit growth point of the optoelectronic industry. Long term joint venture star in ultra high brightness light emitting diode (LED) packaging and other products R & D and production has been more mature experience. To this end, the two sides take advantage of their respective capital and industrial resources, and jointly establish ultra-high brightness LED packaging, application research and development and industrialization base.

Xiamen XinDa (000701) currently holds a 10% stake in Xiamen 3-an Electronic Co. Ltd. the total assets of 800 million yuan, net assets of 500 million yuan. Data show that three electronics is the largest ultra high brightness light-emitting diode epitaxy and chip industry base, the main products for full-color LED epitaxial wafers, chips, optical communication core components, Department of national science and technology ministry delineation of country